XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 853 $ 768
Accounts receivable, net 8,226 3,867
Current portion of consumer loans 5,883 5,348
Current portion of notes receivable from mobile home parks ("MHP") 10,591 12,468
Current portion of other notes receivable 15,128 2,054
Inventories 36,951 27,224
Prepaid expenses and other current assets 5,805 3,234
Total current assets 83,437 54,963
Consumer loans, net 115,754 106,572
Notes receivable from mobile home parks ("MHP") 89,642 123,872
Other notes receivable, net 19,342 13,050
Inventories, net 3,524 8,656
Other assets 10,862 8,887
Property, plant and equipment, net 26,428 22,616
Total assets 348,989 338,616
Current liabilities:    
Accounts payable 6,170 10,197
Accrued liabilities 17,073 14,860
Customer deposits 6,344 3,620
Escrow liability 9,350 7,729
Total current liabilities 38,937 36,406
Long-term liabilities:    
Lines of credit 8,281 36,174
Deferred income taxes 1,971 1,971
Accrued liabilities, net of current portion   630
Dealer incentive liability 4,160 4,242
Total liabilities 53,349 79,423
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $.001 par value, 10,000,000 shares authorized: no shares issued or outstanding
Common stock, $.001 par value, 90,000,000 shares authorized; 24,654,621 and 24,639,125 issued and 24,209,556 and 24,194,060 outstanding at September 30, 2021 and December 31, 2020, respectively 25 25
Treasury stock at cost, 445,065 shares at September 30, 2021 and December 31, 2020 (4,477) (4,477)
Additional paid-in-capital 175,556 175,293
Retained earnings 124,536 88,352
Total stockholders' equity 295,640 259,193
Total liabilities and stockholders' equity $ 348,989 $ 338,616